Chain Bridge I (NASDAQ:CBRG) Sees Large Increase in Short Interest

Chain Bridge I (NASDAQ:CBRG) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 500 shares, a growth of 25.0% from the August 31st total of 400 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 7,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Chain Bridge I stock. Berkley W R Corp lifted its stake in Chain Bridge I (NASDAQ:CBRG) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,176 shares of the company’s stock after acquiring an additional 20,282 shares during the period. Berkley W R Corp owned approximately 2.07% of Chain Bridge I worth $2,226,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 46.16% of the company’s stock.

Chain Bridge I Stock Up 0.1 %

Shares of NASDAQ:CBRG opened at $11.27 on Monday. Chain Bridge I has a 52-week low of $10.75 and a 52-week high of $12.49. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $11.23.

Chain Bridge I Company Profile

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.